BlackPearl Resources Inc.
BLACKPEARL ANNOUNCES CLOSING OF $70 MILLION BOUGHT DEAL EQUITY OFFERING

BlackPearl Resources Inc. 

18.03.2014 13:47

Dissemination of a Adhoc News, transmitted by DGAP - a company of EQS Group
AG.
The issuer is solely responsible for the content of this announcement.

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CALGARY, ALBERTA - BlackPearl Resources Inc. ('BlackPearl' or the 'Company')
(TSX:PXX) (NASDAQ OMX Stockholm:PXXS) is pleased to announce that it has closed
its previously announced bought deal offering of 26,500,000 common shares of
BlackPearl at $2.65 per share for aggregate gross proceeds of $70,225,000. The
syndicate of underwriters was led by FirstEnergy Capital Corp. 

The Company intends to use the net proceeds from the offering to fund ongoing
capital expenditures, including the first phase of the Onion Lake thermal
project, and for general corporate purposes. 

The previously announced private placement of an additional 3,773,585 common
shares of BlackPearl at $2.65 per share for aggregate gross proceeds of
$10,000,000 will close upon receipt of all necessary regulatory and stock
exchange approvals, which are expected in April. 

This news release does not constitute an offer to sell or a solicitation of any
offer to buy the securities in the United States. The securities offered have
not been and will not be registered under the U.S. Securities Act of 1933 and
may not be offered or sold in the United States absent registration or an
applicable exemption from registration requirements of such Act. 



Forward-Looking Statements

Certain of the statements made and information contained herein is
forward-looking statements and forward looking information (collectively
referred to as 'forward-looking statements') within the meaning of Canadian
securities laws, including the use of proceeds and anticipated timing to close
the private placement. All statements other than statements of historical fact
may be forward-looking statements. Forward-looking statements are often, but
not always, identified by the use of words such as 'anticipate', 'believe',
'plan', 'continuous', 'estimate', 'expect', 'may', 'will', 'project', 'should',
'predict', 'targeting', 'seek', 'intend', 'could', 'potential' or similar
words. These statements involve known and unknown risks, uncertainties and
other factors that may cause actual results or events to differ materially from
those anticipated in such forward-looking statements. The Company believes the
expectations reflected in those forward-looking statements are reasonable but
no assurance can be given that these expectations will prove to be correct and
such forward-looking statements should not be unduly relied upon. 

Undue reliance should not be placed on forward-looking statements, which are
inherently uncertain, are based on estimates and assumptions, and are subject
to known and unknown risks and uncertainties (both general and specific) that
contribute to the possibility that the future events or circumstances
contemplated by the forward-looking statements will not occur. There can be no
assurance that the plans, intentions or expectations upon which forward-looking
statements are based will in fact be realized. Actual results will differ, and
the difference may be material and adverse to the Company and its shareholders. 




         For more information, please contact:
         John Festival - President and Chief Executive Officer, Tel.: (403)
215-8313 
         Don Cook - Chief Financial Officer, Tel: (403) 215-8313
News Source: NASDAQ OMX



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Language:     English
Company:      BlackPearl Resources Inc.
              
               
              Sweden
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         SE0002060863
WKN:          
 
End of Announcement                             DGAP News-Service
 
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